Magellan Asset Management Limited: AUM & Ownership

Clients

Magellan Asset Management Limited serves 36 clients, 20 of them pooled investment vehicles. The average client has about $578 million with the firm.

Regulatory assets by client type

Pooled investment vehicles20 clients43%
Pension and profit-sharing plans5 clients23%
State or municipal government entities9 clients20%
Corporations and other businesses6%
Other7%
Investment companies2 clients1%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Investment companies	2	$137,775,223	0.7%	$68.9M
Pooled investment vehicles	20	$8,903,573,879	42.8%	$445.2M
Pension and profit-sharing plans	5	$4,843,106,550	23.3%	$968.6M
State or municipal government entities	9	$4,218,177,319	20.3%	$468.7M
Corporations and other businesses	Not reported	$1,329,128,367	6.4%	—
Other	Not reported	$1,366,846,583	6.6%	—
Total	36	$20,798,607,921	100%	$577.7M

Investment companies

Clients: 2
Regulatory AUM: $137,775,223
Share: 0.7%
Avg. per client: $68.9M

Pooled investment vehicles

Clients: 20
Regulatory AUM: $8,903,573,879
Share: 42.8%
Avg. per client: $445.2M

Pension and profit-sharing plans

Clients: 5
Regulatory AUM: $4,843,106,550
Share: 23.3%
Avg. per client: $968.6M

State or municipal government entities

Clients: 9
Regulatory AUM: $4,218,177,319
Share: 20.3%
Avg. per client: $468.7M

Corporations and other businesses

Clients: Not reported
Regulatory AUM: $1,329,128,367
Share: 6.4%
Avg. per client: —

Other

Clients: Not reported
Regulatory AUM: $1,366,846,583
Share: 6.6%
Avg. per client: —

Total

Clients: 36
Regulatory AUM: $20,798,607,921
Share: 100%
Avg. per client: $577.7M

What it does

Magellan Asset Management Limited provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Magellan Asset Management Limited provided financial planning to 0 clients last fiscal year and advises no private funds.

100.0% of assets ($20.80B across 40 accounts) are managed with discretion. 93% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks97%
Cash3%

Custodians

Magellan Asset Management Limited’s client accounts are held mainly at J.P. Morgan, with 30% of managed assets, and The Northern Trust, with 9%. Magellan Asset Management Limited does not have custody of client assets.

Managed account assets by custodian

J.P. MorganJ.p.morgan Chase Bank, N.A · London · $6.22B30%
The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $1.33B6%
The Northern TrustThe Northern Trust Company · London · $1.81B9%
All other custodians$11.44B55%

Ownership and leadership

Magellan Financial Group LTD owns 75% or more of Magellan Asset Management Limited, and Sophia Rahmani is its CEO.

Who owns the firm

Magellan Asset Management Limited· the adviser

Magellan Financial Group LTD
Control person · since November 2006
Owns 75% or more of Magellan Asset Management Limited

Leadership

Sophia Rahmani
Magellan Investment Partners Chief Executive Officer
Gavin Buchanan
Chief Financial Officer
Angela Murphy
Chief Operating Officer
Lisa Dyson
Risk and Compliance Director/ Chief Compliance Officer
Jennifer Driscoll
Magellan Investment Partners Chief Operations Officer and Director
Andrew Jones
Chief Risk Officer
Simone Mosse
Director
Annette Spencer
General Counsel

Staff

91 employees
26 in advisory functions
2 soliciting firms

Reported holdings

Magellan Asset Management Limited’s reported 13F holdings total $4.47B across 78 positions, and the ten largest make up 45.2% of it.

$4.47B
Reported 13F value: 78
Positions: 45.2%
In the 10 largest: −42.0%
Value vs. prior quarter

Ten largest positions, share of reported value

Eversource Energy5.6%
American Tower Corp.5.1%
Xcel Energy Inc.5.1%
Crown Castle Inc.4.7%
Sempra4.6%
Cms Energy Corp.4.3%
Evergy Inc.4.2%
Dominion Energy Inc.4.1%
Microsoft Corp.3.8%
Taiwan Semiconductor Manufac · Sponsored ADS3.7%

Together, the ten largest are 45.2% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $4.47B is not its $20.80B in regulatory assets and does not represent any individual client's portfolio.

Fees

Magellan Asset Management Limited is paid through a percentage of assets under management and performance-based fees.

Magellan Asset Management Limited’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Magellan Asset Management Limited has 0 offices, with 1 listed address with no US state reported.

Registration details

Legal name: Magellan Asset Management Limited
Headquarters: Quay Quarter Tower, Level 19 50 Bridge Street, Sydney, NSW, Australia 2000
Phone: 61292354888
Website: Not reported
SEC file: 801-72872
Structure: corporation organized in Australia
Fiscal year end: June

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Magellan Asset Management Limited have?

Magellan Asset Management Limited has 36 clients and manages $20.8 billion for them, as of September 2026. They include 20 pooled investment vehicles, 9 state or municipal government entities and 5 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026

What services does Magellan Asset Management Limited offer?

Magellan Asset Management Limited provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Magellan Asset Management Limited use?

Magellan Asset Management Limited’s separately managed account assets are held at J.p.morgan Chase Bank, N.A (London), with $6,223,845,295, The Northern Trust Company (London), with $1,805,888,721 and The Bank of New York Mellon (New York, NY), with $1,329,128,367. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026

How many financial advisors does Magellan Asset Management Limited have?

Magellan Asset Management Limited has 0 investment adviser representatives registered with state securities authorities, out of 91 employees, and 26 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Magellan Asset Management Limited invest in?

At the end of its last fiscal year, Magellan Asset Management Limited’s separately managed accounts held 97% exchange-traded equities and 3% cash and equivalents. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Magellan Asset Management Limited?

Magellan Asset Management Limited’s direct owner is Magellan Financial Group LTD (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 24 September 2026

How does Magellan Asset Management Limited get paid?

Magellan Asset Management Limited is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file